VTB Capital, the investment arm of sanctioned Russian lender VTB Bank, has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said.
Reuters: Russia’s VTB Capital closes in on Roberto Cavalli
DuJour's Jason Binn (L) and director of PR at Roberto Cavalli Cristiano Mancini attend DuJour Magazine Celebrates Spring Issue with Jennifer Connelly, GILT's Michelle Peluso and Muse Models Conor Kennedy on March 27, 2014 in New York City.
